Wrentham, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wrentham, MA Housing Market Trends

With a population of 12,023, 4,258 total housing units (homes and apartments), and a median house value of $578,749, real estate costs in Wrentham are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Wrentham, accounting for 81.11% of the town's housing units. Other types of housing that are prevalent in Wrentham include large apartment complexes or high rise apartments ( 6.65%), duplexes, homes converted to apartments or other small apartment buildings ( 6.51%), and a few row houses and other attached homes ( 5.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wrentham. Owner-occupied housing accounts for 82.93% of Wrentham's homes, and 67.45% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wrentham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Wrentham built between 1940-1969 ( 23.58%). A lesser amount of the housing stock also hails from before 1939 ( 17.48%). There's also some housing in Wrentham built between 2000 and later ( 14.29%).

Wrentham Home Appreciation Rates

Real estate appreciation rates in Wrentham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.35% during the period.

Over the last year, Wrentham appreciation rates have trailed the rest of the nation. In the last twelve months, Wrentham's appreciation rate has been 8.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wrentham were at 3.02%, which equates to an annual appreciation rate of 12.64%.

Relative to Massachusetts, our data show that Wrentham's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$578,749

Wrentham, MA HOME PRICES

> $1,171,000
0.5%
0.5%
$878,001 - $1,171,000
7.4%
7.4%
$586,001 - $878,000
30.2%
30.2%
$468,001 - $586,000
21.9%
21.9%
$351,001 - $468,000
20.9%
20.9%
$234,001 - $351,000
13.9%
13.9%
$117,001 - $234,000
5.0%
5.0%
$59,001 - $117,000
0.0%
0.0%
$0 - $59,000
0.2%
0.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MA

Value Relative To Nation

Number Of Homes And Apartments:
4,258

Wrentham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
74.95% 2.64%
2
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,054 / per month

Homeownership Rate

Owners
82.9%
82.9%
Renters
17.1%
17.1%
Vacant
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.3%
14.3%
1970 - 1999
44.7%
44.7%
1940 - 1969
23.6%
23.6%
1939 or Older
17.5%
17.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.1%
81.1%
Townhomes
5.7%
5.7%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
6.6%
6.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
7.2%
7.2%
2 Bedrooms
19.8%
19.8%
3 Bedrooms
35.0%
35.0%
4 Bedrooms
32.4%
32.4%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES